SUNSEAP

The SUNSEAP group was founded by friends Frank Phuan and Lawrence Wu, both aiming to deliver affordable and sustainably sourced energy in Singapore. They have since grown to champion solar leasing models beyond the shores of the island republic.

The first of the Group’s three entities, SunSeap Leasing, was incorporated in 2011 to provide rooftop solutions en-masse. At the time, the cost of Solar PV technology was much higher than it is today. The concept of leasing was not prevalent in Asia, and would have to be customised for Singapore’s own considerations. The resulting leasing model has allowed organizations to access affordable clean solar energy efficiently. It has also positioned SUNSEAP to secure Solar Nova, which is a Singapore government-led initiative for Solar PV to be installed on HDB rooftops across the island.

SUNSEAP has since grown to encompass many offices outside Singapore, including Cambodia, Thailand, Philippines, India, Malaysia, and Australia.

CRX has partnered with SUNSEAP to yield additional revenue from the sale of Certified Emissions Reductions (CERs) and with accompanying environmental attributes, thereby widening the scope for a greater return on equity. With CRX’s work in the generation of CERS, SUNSEAP is resourced to accelerate even more solar PV farms in ASEAN.